‘A Guide to the Market Oligopoly System’ Explained

If you need some guidance navigating William Powhida grand diagram run-down of the business of art — A Guide to the Market Oligopoly System — read this and then mentally weasel yourself into the pyramid and start scheming, ifyou wish. Beware that the pyramid rests upon “the yearning masses” — masses yearning for Gaga, masses that “don’t understand contemporary art or art history.”

Down there are “submereged artists” “deep in debt,” up there are Koons/Hirst/Murakami $tars and everything in between from pop-ups to fairs is… in between. Locations are ranked from Topeka and Bushwick up to London and NYC (which Bushwick… ain’t?) and so are top art schools, up from Yale and down to Pratt.